Economic impact of 5G estimated to be over $1 trillion

5G network in india

Communication Minister Manoj Sinha said that the economic impact of 5G is estimated to be more than one trillion dollars for India which is aggressively ahead of new era technologies. By saying that India “will not miss the 5G bus”, the minister underlined the country’s progress in telecommunications over the last five years, highlighting spike in data consumption, broadband user base and low tariff, but also said that security And ensuring the sovereignty of the digital network will be the priority for the government.
“When we are gearing up for the next wave of digital transformation, it is also important to ensure the security, security, and sovereignty of digital communications … It is important that we focus on safety testing and establish appropriate safety standards. We have recently, Sinha said, started the state-of-the-art facility for the preparation of security assurance standards, which is at the forefront of technology Will keep
Speaking at the India Telecom 2019 Expo organized by Telecom Equipment and Services Export Promotion Council (TEPC), Sinha said that this facility will work on safety requirements and will also help in the development of testing and certification ecosystem in the country.
Terming 5G as a “game changer”, the minister said that major government programs such as Digital India and Smart Cities will ride on 5G.
Sinha said, “Economic impact of 5G is expected to be more than one trillion dollars for India and as a result, the multiplier effect is expected to be very high.”
He underlined the need to promote investment for building underlying infrastructure, which would make 5G successful, and said that a Working Group has been set up to start the implementation of the recommendations of the high-level platform on 5G In August 2018 submitted its report.

Sinha also said that the government is in favor of policies and regulations, which will facilitate the development of 5G based technologies and services. “To ensure that we are able to launch 5G services in the world along with the world, we have established 5G testing beds through industry-academic involvement, and we have to be tested in the next 12 months. Hope, “he said.
He said that India will place itself as a “world-class coordinated partner” in the creation and development of 5G-based technologies, products, and applications.
In his address, Telecom Secretary Aruna Sundarajan said that the connectivity requirements for developing and developed markets were different.
They said, “Our challenges are different … we need telecommunication network so that unrelated, basic services can be included, and dissidents can be added,” he said, that India is a partner with its technological progress and manufacturing capabilities. Other nations that are looking for affordable and strong digital communication solutions.
VNL Limited President Rajiv Mehrotra highlighted the need to bridge the digital divide between rural and urban areas through connectivity solutions and said opportunities should be created to promote the creation of indigenous telecom equipment.